Smithson Investment (UK) Market Value
| SSON Stock | 1,496 6.00 0.40% |
| Symbol | Smithson |
Smithson Investment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Smithson Investment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Smithson Investment.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Smithson Investment on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Smithson Investment Trust or generate 0.0% return on investment in Smithson Investment over 30 days. Smithson Investment is related to or competes with Toyota, SoftBank Group, OTP Bank, Las Vegas, Yum Brands, Digital Realty, and Axon Enterprise. Smithson Investment is entity of United Kingdom More
Smithson Investment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Smithson Investment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Smithson Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7321 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.65 |
Smithson Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smithson Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smithson Investment's standard deviation. In reality, there are many statistical measures that can use Smithson Investment historical prices to predict the future Smithson Investment's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0875 |
Smithson Investment Trust Backtested Returns
Currently, Smithson Investment Trust is very steady. Smithson Investment Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.055, which indicates the firm had a 0.055% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Smithson Investment Trust, which you can use to evaluate the volatility of the company. Please validate Smithson Investment's Semi Deviation of 0.667, coefficient of variation of 2677.93, and Risk Adjusted Performance of 0.0297 to confirm if the risk estimate we provide is consistent with the expected return of 0.0475%. Smithson Investment has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smithson Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smithson Investment is expected to be smaller as well. Smithson Investment Trust right now has a risk of 0.86%. Please validate Smithson Investment standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Smithson Investment will be following its existing price patterns.
Auto-correlation | 0.89 |
Very good predictability
Smithson Investment Trust has very good predictability. Overlapping area represents the amount of predictability between Smithson Investment time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Smithson Investment Trust price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Smithson Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 558.61 |
Smithson Investment Trust lagged returns against current returns
Autocorrelation, which is Smithson Investment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Smithson Investment's stock expected returns. We can calculate the autocorrelation of Smithson Investment returns to help us make a trade decision. For example, suppose you find that Smithson Investment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Smithson Investment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Smithson Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smithson Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smithson Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Smithson Investment Lagged Returns
When evaluating Smithson Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smithson Investment stock have on its future price. Smithson Investment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Smithson Investment autocorrelation shows the relationship between Smithson Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Smithson Investment Trust.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Smithson Stock Analysis
When running Smithson Investment's price analysis, check to measure Smithson Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smithson Investment is operating at the current time. Most of Smithson Investment's value examination focuses on studying past and present price action to predict the probability of Smithson Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smithson Investment's price. Additionally, you may evaluate how the addition of Smithson Investment to your portfolios can decrease your overall portfolio volatility.